# PPP loan: NATIONAL COUNCIL OF TEACHERS OF ENGLISH
> **$427K** approved 04/10/2020 · Paid in Full · Loan `1530087107`
## Borrower
- **Name:** NATIONAL COUNCIL OF TEACHERS OF ENGLISH
- **Address:** 340 NEIL ST Suite 104, CHAMPAIGN, IL, 61820-3614
- **NAICS:** 813319
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $107K
- **Jobs reported:** 27
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*